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Published on 8/4/2011 in the Prospect News Bank Loan Daily.

Kaufman & Broad pays down €122.4 million of credit facility debt

By Sara Rosenberg

New York, Aug. 4 - Kaufman & Broad repaid €50.3 million under its term loan and cancelled €72.1 million of its revolving commitments, according to a news release.

The repayments were made as part of a double Dutch auction process that was launched on July 26.

Kaufman & Broad is a French designer, developer and seller of single family homes in communities, apartments and offices on behalf of third parties.


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